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U.K. slashes taxes, hoping to spur growth. Critics worry about debt.

Por: CBS News Business September 23, 2022

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Britain's new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a faltering economy.But Treasury chief Kwasi Kwarteng offered few details on the cost of the program and its impact on the government's own targets for reducing deficits and borrowing. The government's... + full article



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